Moneymoney

Mon Aug 26, 2019, 09:24 AM

We have reached the "hallucination" phase of the trade war.

Trump Says China "Called", Wants To Restart Trade Talks; China Denies, Has No Idea What Trump Talking About

“China called last night our top trade people and said let’s get back to the table.”

Trump says China wants to restart trade talks during a meeting with Egypt’s President #G7Summit pic.twitter.com/VWHjo4H1nA
— Bloomberg TicToc (@tictoc) August 26, 2019

https://www.zerohedge.com/news/2019-08-26/trump-says-china-wants-restart-trade-talks-china-denies-has-no-idea-what-trump

But one glimpse at Mnuchin's face (the worst poker player ever) tells you all you need to know about what really happened:

Reporter: "Did you mean to say that there was also a call last night or was there not actually a call?"

Steve Mnuchin: "There were discussions that went back and forth, and let's just leave it at that."

Trump : "Last night. And before last night." pic.twitter.com/2eqUD8k384
— Bobby Lewis (@revrrlewis) August 26, 2019

Sure enough, algos which didn't care if Trump was lying, immediately kneejerked stocks higher:

https://www.zerohedge.com/news/2019-08-26/call-or-no-call-mnuchin-explains-what-really-happened

However, Chinese foreign ministry spokesman Geng Shuang said he could not confirm Trump’s comments about further negotiations.

“I have no information about what the US side said about the phone calls over the weekend,” Geng said in Beijing. “I have not heard about that.”

https://www.scmp.com/news/china/diplomacy/article/3024366/donald-trump-china-seeks-more-trade-war-talks-united-states

Be careful out there.

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Reply We have reached the "hallucination" phase of the trade war. (Original post)
uncledad Aug 26 OP
def_con5 Aug 26 #1
uncledad Aug 26 #3
def_con5 Aug 26 #5
Hades Aug 26 #2
uncledad Aug 26 #4

Response to uncledad (Original post)

Mon Aug 26, 2019, 11:22 AM

1. No hallucinations involved

I have no experience with the Chinese, but a bunch with the Japanese. This is how they negotiate. We westerners tend to think of them as dishonest liars. They're not its just a game and a dance to them. Made two long trips to Japan (10+ days) cause we had a deal. Nope, no deal, sorry for the misunderstanding. (beautiful country, BTW).

After two years I finally stopped talking to them.

Anyway, Trump needs a trade guide that's familiar with their culture. Turns out I was over my head.

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Response to def_con5 (Reply #1)

Mon Aug 26, 2019, 01:28 PM

3. I hear you.

They listen politely. Nod occasionally. Agree it was a good meeting.



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Response to uncledad (Reply #3)

Mon Aug 26, 2019, 03:19 PM

5. Another favorite

In the meeting, they act like they can't speak English.

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Response to uncledad (Original post)

Mon Aug 26, 2019, 11:40 AM

2. He manipulates the market with his tweets.

He made a “China good” tweet today, so the market went up. Later in the week will be another “China bad” tweet and it will drop another few hundred.

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Response to Hades (Reply #2)

Mon Aug 26, 2019, 01:30 PM

4. If you knew ahead of time....

Not that that would (cough) ever happen...

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Moneymoney